CORPORATE AND PROFESSIONAL UPDATES 20TH FEB 2018
Direct Tax: Assessee wasn’t entitled to claim sec. 54F relief if agreement to sell property wasn’t executed by buyer within the stipulated time frame under the provision of Income Tax Act. ITAT HYDERABAD BENCH ‘A’ Mahesh Malneedi v. Income-tax Officer. 153C proceedings couldn’t be invoked against third person without recording satisfaction note; SLP dismissed. SC- Income-tax officer, …